Investing Updates : T-bill yield rebounds to 2.73% as demand dives

Source : 

https://growbeansprout.com/t-bill-allotment-26-mar-2025

Apple Intelligence : 

• T-bill Yield Change: The cut-off yield for the 6-month Singapore T-bill auction on 26 March rebounded to 2.73%.

• T-bill Application Change: Total applications for the 6-month Singapore T-bill declined S$15.8 billion from the previous auction.

• Competitive Bid Change: The amount of competitive bids decreased to S$14.4 billion from the previous auction.

• T-bill Allocation: Competitive bids below 2.73% received full allocation, while non-competitive bids totaling S$1.4 billion were also fully allocated.

• T-bill Applications and Issuance: Total applications decreased to S$15.8 billion, resulting in a lower application-to-issuance ratio (2.14x) compared to the previous auction (2.64x).

• SSB Applications: Applications for the Singapore Savings Bond (SSB) increased to S$678 million, the highest since September 2024, driven by its higher 10-year average interest rate.

• T-bill Yield Rebound: The T-bill yield rebounded to 2.73%, driven by a fall in demand and a shift towards other safe options like SSB.

• Comparison with Other Investments: The T-bill yield is now above the best 6-month fixed deposit rate but below the break-even yield for CPF OA applications.

• Alternative Investment Options: Higher yield options include the UOB Stash account, bond funds like the United SGD Fund, and selected high-quality Singapore REITs.

Investing Updates : Best Cash Management Accounts in Singapore (Mar 2025)

Source : 

https://drwealth.com/best-cash-management-accounts-in-singapore/

Apple Intelligence : 

• Cash Management Accounts (CMAs): Offer a balance between yield and liquidity for parking cash.

• Interest Rate Environment: Lower interest rates compared to the peak in 2024, impacting yields on fixed income products.

• CMA Importance: Highlighted by the Chocolate Finance incident, emphasizing the need to understand CMA structure, risks, and mechanics.

• Account Type: A hybrid financial account combining features of savings, checking, and investment accounts.

• Key Features: Higher interest rates, liquidity, and often linked to investment funds.

• Risk and Protection: Typically lower risk due to investment in low-risk instruments, but often not SDIC-insured.

• Account Type: Cash Management Accounts (CMAs) in Singapore.

• Purpose: Keep cash working and accessible, offering yields while allowing flexibility.

• Yield Information: SGD yields fluctuate on a 7-day basis; the table provides projected annual yields as of March 24, 2025.

• Endowus Cash Smart: Enhanced: 3.1% to 3.4% p.a. return, 50% UOB United SGD Fund, 30% LionGlobal SGD Enhanced Liquidity, 20% Fullerton SGD Cash Fund.

• StashAway Simple Plus: 3.6% p.a. return, 20% LionGlobal SGD Enhanced Liquidity Fund, 20% Nikko AM Shenton Short Term Bond Fund, 60% LionGlobal Short Duration Bond Fund.

• StashAway Simple Guaranteed: 2.7% p.a. (1 month), 2.65% p.a. (3 months), 2.6% p.a. (6 months), 2.5% p.a. (12 months) return, Fixed Deposits in Singapore Banks.

• Highest Interest Rate: Mari Invest SavePlus offers the highest interest rate at 3.26%.

• Platform with Highest Interest Rate Options: Syfe offers the most options with interest rates ranging from 2.3% to 3.2% p.a.

• Platform with Lowest Interest Rate Options: POEMS offers the lowest interest rate at 2.4404%.

• Endowus Cash Management Accounts: Offers three accounts: Ultra, Enhanced, and Core.

• Ultra Account: Highest yield (3.5% - 3.8% p.a.) with exposure to short-duration bond funds, suitable for those comfortable with higher volatility.

• Enhanced Account: Lower risk with higher yield (3.2% - 3.5% p.a.) compared to Ultra, using a mix of SGD funds.

• Endowus Secure Account: Offers good yields with maximal capital preservation, investing in Fullerton SGD Cash Fund and LionGlobal SGD Enhanced Liquidity.

• StashAway Simple Plus: Provides a 3.6% yield after fees, investing in LionGlobal SGD Enhanced Liquidity Fund, Nikko AM Shenton Short Term Bond Fund, and LionGlobal Short Duration Bond Fund.

• Investment Options: Both Endowus and StashAway allow users to invest using cash or SRS funds.

• StashAway Simple Plus: Offers higher potential yield but comes with higher volatility, suitable for at least 12-month investment.

• StashAway Simple: Provides a stable yield of 3.3% p.a. after fees, suitable for cash or SRS funds.

• StashAway Simple Guaranteed: Offers the lowest risk with guaranteed rates but functions like a fixed deposit with limited liquidity.

• Mari Invest SavePlus: Offers a projected return of 3.26% p.a. with no transaction fees or minimum deposit, investing mainly in MAS Bills and high-quality bond funds.

• Syfe Cash+ Flexi: Provides a projected return of 3.1% – 3.2% p.a. through a mix of LionGlobal SGD Money Market Fund and LionGlobal SGD Enhanced Liquidity Fund.

• StashAway Cash Management Account: Allows users to grow their SRS funds with no minimum deposit requirement.

• Syfe Cash Management Account: Offers SGD and USD options with projected returns of 0.05% – 0.15% p.a. and 4.3% – 4.4% respectively, but USD account carries foreign exchange risk.

• Syfe Cash+ Guaranteed: Provides fixed deposit options with guaranteed rates ranging from 2.3% to 2.75% p.a., but requires a lock-in period.

• Phillip SMART Park: Allows POEMS clients to park excess funds in the Phillip Money Market Fund, offering a projected return of 2.4404% p.a. through a portfolio of high-quality debt instruments.

• SMART Park Account Fee: 0.49% per annum fee for the underlying money market fund, but no withdrawal or maintenance fees.

• Moomoo Cash Plus Yield: Indicative 7-day annualized yield of 2.63% p.a. for SGD and USD.

• iFast Auto-Sweep Composition: 10% cash and 90% iFAST SGD Enhanced Liquidity fund.

• Tiger Vault Yield: Offers a yield of ~2.5% on idle money.

• Fund Options: Allows users to park cash in various funds like Fullerton SGD Cash Fund, United SGD Money Market, LionGlobal SGD Money Market, and LionGlobal SGD Enhanced Liquidity.

• Redemption Process: Requires 1 working day for processing and an additional 1-3 business days for cash withdrawal.

• Qualifying Period: From now until June 30, 2025, or until S$1 billion in assets under management is reached.

• Fee Structure: No fees until the target return is achieved, after which a performance-based fee of 0-2% applies.

• Withdrawal Processing Time: Instant withdrawals are paused; withdrawals will take 3-6 business days.

Investing Updates : Lululemon, Dollar Tree, Inflation, Home Prices, and More to Watch This Week

Source : 

https://ttm.financial/news/2521020020?lang=en_US&edition=fundamental

Apple Intelligence : 

• Key Economic Indicator: February’s core personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, is expected to rise by 2.7% year over year.

• Earnings Reports: GameStop, Dollar Tree, and Lululemon Athletica will release their earnings reports.

• Other Economic Releases: S&P Global’s purchasing managers’ indexes for March, a consumer sentiment survey from the Conference Board, and the durable goods report from the Census Bureau will be released.

• Economic Indicators: The Census Bureau will release new residential sales data and the durable goods report. The Conference Board will release the Consumer Confidence Index.

• Earnings Reports: Chewy, Cintas, Dollar Tree, Jefferies Financial Group, Paychex, and Lululemon will announce quarterly results.

• GDP and Inflation: The Bureau of Economic Analysis will release the final estimate of fourth-quarter GDP growth and the personal consumption expenditures price index.

Investing Updates : S-REITs Dominate in Market Surge: Must-Watch Picks

Source : 

https://www.moomoo.com/community/feed/s-reit-s-dominate-in-market-surge-must-watch-picks-114192273375238

Apple Intelligence :

• Market Performance: S-REITs outperformed the broader market (STI) with a 5.2% rebound in the past five sessions.

• Investor Sentiment: S-REITs attracted S$50 million net institutional inflow, driven by factors like attractive dividend yields compared to bond yields.

• Interest Rate Impact: Lower interest rates can benefit REITs by reducing financing costs, increasing capital inflows, and pushing up property valuations.

• Economic Impact: Improved regional economic activity, tourism, and potential interest rate cuts could benefit S-REITs.

• Analyst Predictions: Analysts from BMI Research, JPMorgan Chase, Nomura Securities, and DBS Bank are optimistic about the prospects of S-REITs.

• Performance Expectation: S-REIT share prices are expected to rise, potentially surpassing their peak in September 2023.

• Recommended REITs: DBS Group Research recommends CapLand IntCom T, Frasers Cpt Tr, Keppel Reit, Mapletree Ind Tr, Mapletree Log Tr, and ParkwayLife Reit.

• Valuation Attractiveness: Current REIT valuation is attractive with a price-to-book ratio (P/B) of 0.83 times, historically leading to significant returns in the following year.

• China Galaxy Securities International Recommendations: CapLand Ascendas REIT, Keppel DC Reit, CapLand IntCom T, and Frasers Cpt Tr.

Investing Updates : Fear or Greed? Decoding S&P 500 Corrections: 61% Rebound Chance Since 1929

Source : 

https://www.moomoo.com/community/feed/fear-or-greed-decoding-s-p-500-corrections-61-rebound-114188746031110

Apple Intelligence :

• Market Correction: The S&P 500 experienced a 10.1% correction, erasing gains from the “Trump rally” and reflecting concerns over tariffs, stagflation, and supply chain issues.

• Historical Rebound Probability: Since 1929, the S&P 500 has a 61% chance of rebounding after a correction, with an average return of 18% in the subsequent 12 months.

• Recent Performance: The S&P 500 has shown resilience, with an average return of 18% in the 12 months following nine corrections since 2010, excluding the 2022 decline due to interest rate hikes.

• Market Downturn Triggers: Trade frictions escalating to systemic risks, like the 2000 dot-com bubble, can lead to prolonged downturns.

• Bearish Argument: Unpriced risks include tariff impact, stagflation concerns, and a tech stock retreat.

• Bullish Argument: Robust corporate earnings support market resilience.

• Investment Strategy: Gradual position building with 10%-15% cash reserve, increasing allocation to utilities and consumer staples, and reducing exposure to tech and industrial stocks.

• Hedging Recommendations: Consider gold ETFs or VIX call options to hedge against potential market downturns.

• Liquidity Support: Potential rate cuts and lower Treasury yields provide some support to the stock market.

• Investment Strategy: Long-term investment in S&P 500 put options (15% out-of-the-money) and defensive stocks.

• Defensive Stock Sectors: Consumer staples and healthcare.

• Short-Term Monitoring: Changes in White House tariff policies and CPI/PMI data to alleviate stagflation concerns.

Investing Updates : Fed Meeting; Retail Sales Data; Nvidia GTC 2025; Micron, Nike, and NIO Earnings: What to Watch This Week

Source : 

https://ttm.financial/news/2520588628?lang=en_US&edition=fundamental

Apple Intelligence : 

• Key Event: Federal Reserve Chairman Jerome Powell will announce the monetary-policy decision and release the updated Summary of Economic Projections.

• Market Focus: The retail sales report on Monday and several data releases on the health of the housing market are highly anticipated.

• Earnings Reports: General Mills on Wednesday, FedEx and Nike on Thursday, and Carnival on Friday.

• Housing Market Sentiment: The National Association of Home Builders releases its Housing Market Index for March, indicating homebuilder sentiment.

• Housing Construction: The Census Bureau reports new residential construction statistics for February, reflecting housing starts.

• Interest Rate Decision: The Federal Open Market Committee announces its monetary-policy decision, including potential interest rate changes.

Investing Updates : Mari Invest Income Review – 6% yield on cash, better buy than T-Bills? PIMCO GIS Income Fund wrapper

Source : 

https://financialhorse.com/mari-invest-income-review-6-yield-on-cash-better-buy-than-t-bills-pimco-gis-income-fund-wrapper/

Apple Intelligence : 

• Product Description: Mari Invest Income is a new product from Mari Bank that invests in PIMCO GIS Income Fund.

• Yield Comparison: The underlying fund pays about 5-6% yield, which is higher than the current 2.56% yield of 6-month T-Bills.

• Key Features: Managed through the MariBank app, minimum investment of S$1, no transaction or ongoing fees charged by Maribank.

• Fund Objective: Seek high current income with a secondary objective of long-term capital appreciation.

• Investment Strategy: Employs a broad range of fixed income securities to generate income and diversify risk.

• Benchmark: Tracks the Bloomberg U.S. Aggregate (SGD Hedged) Index, representing the U.S. investment grade bond market.

• Fund Composition: A significant portion (36%) is invested in Federal National Mortgage Association (FNMA) mortgage-backed securities, with the remainder in US government bonds, bank bonds, and corporate investment-grade credit.

• Safety Concerns: Investors are concerned about the safety of the fund due to the large allocation to FNMA mortgage-backed securities, particularly given the performance of these securities in 2008.

• Performance Prediction: An AI system predicts the performance of MBS in 2025.

• Investment Safety: Fannie Mae MBS are considered relatively safe investments due to their government-sponsored enterprise (GSE) status and implied federal support.

• Risk Profile: Slightly riskier than fully government-backed Ginnie Mae MBS but safer than private-label MBS, with risks including prepayment uncertainty and minimal credit risk.

• Performance Comparison: Comparable to Freddie Mac’s offerings and favored by investors seeking stable, low-risk fixed-income assets.

• Bond Fund Returns Volatility: Bond fund returns are volatile due to daily bond price fluctuations influenced by interest rates.

• Return Components: Returns from bond funds consist of two components: changes in bond prices and coupon payments (dividend yield).

• Interest Rate Impact: When interest rates rise, bond prices fall, impacting the fund’s returns negatively. Conversely, falling interest rates can boost returns.

• Distribution Yield: Approximately 5% after fees, with the underlying bonds having a 6.4% annualized distribution yield.

• Fees: MariBank charges no transaction or ongoing fees, while the PIMCO GIS Income Fund Admin SGD Hedged fund manager charges a 1.05% annual management fee.

• Endowus Fees: Buying the PIMCO GIS Income Fund via Endowus results in a 0.55% fund level fee after trailer fee rebate and a 0.30% Endowus fee.

• Fee Comparison: Mari Invest Income has a 1.05% fee, while an alternative platform offers a lower fee of 0.85%.

• Investment Risk: Mari Invest Income / PIMCO GIS Income Fund Admin SGD Hedged carries risks, including potential default of underlying bonds and mark-to-market losses due to interest rate fluctuations.

• Risk Compensation: The 5-6% coupon yield of Mari Invest Income / PIMCO GIS Income Fund Admin SGD Hedged may be a fair compensation for the risk associated with investment-grade US corporate credit.

• Interest Rate Impact: Downward pressure on interest rates benefits the fund, while upward pressure could lead to mark-to-market losses.

• Default Risk: Corporate defaults are unlikely in the absence of a severe recession.

• Investment Consideration: Investors should view the fund as a REIT equivalent with potential for capital losses when interest rates rise.

• Investment Strategy: Consider a diversified approach to cash management, including risk-free options, short-term funds, high-yield savings, and potentially higher-yield investments like Mari Invest Income.

• Long-Term Perspective: Holding investments like Mari Invest Income / PIMCO GIS Income Fund Admin SGD Hedged for a longer period allows distribution yield to potentially offset capital losses.

• Liquidity Needs: Maintain a diversified portfolio to ensure access to funds when needed.